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Food Ingredients Company Investment Opportunity in Mumbai, India

Authentic home Indian chutneys manufacturer with varieties of products.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 320 thousand
Run Rate Sales USD 1 million
EBITDA Margin Operating at loss
Industries Food Ingredients
Locations  Mumbai
Local Time 12:02 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 600 thousand for 10.0% stake (Native Currency: INR 50,000,000)
Reason: - Need funds for growth and expansion. - The valuation has been done by a professional. - We are a... View More
Includes physical assets worth USD 2.4 thousand
Name, Phone, Email
Not disclosed
Business Name
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Business Overview

Raving reviews on Shark Tank.

- All the judges of Shark Tank, appreciated the taste of the products. Aman Gupta, founder, of BOAT, found the products "mindblowing"

- Namita, Founder, of Emcure Pharma found the packaging very attractive.

- Vineeta, CEO, of Sugar Cosmetics told that she will steal a bottle and carry home.

- Anupam Mittal, serial investor, and founder Shaadi. com gave a 10 on 10 to the products.

Business Highlights.

- Company has sold over a million bottles of its chutney and is available in 5 cities Mumbai, Delhi, Bangalore, Hyderabad, and Kolkata.

- Online, it is active on all leading marketplaces in India and Amazon USA. It will be adding UAE and Europe to its online sales channels.

-Since 2 years, the company has grown almost 3X from about INR 25 Lacs MRR to INR 70 Lacs as of the end of last year.

- ARR of Rs 8.5 crores sold at 63% gross margins.

- Company intends to build a topline of 100 crores in the next 24-26 months.

- The company wants to raise an Rs. 5 crore pre-series A round immediately to build the topline to about INR 1.5 crores in the next 6-8 months and reach an ARR of 2.5 Crores by the end of this year.

Update since Shark Tank 2.

- Monthly revenue increased by 25% (55l – 70l)

- New variants at higher price point has helped improve Gross Margin (CM1) by 3%

- Shift in channel focus: Moved from online to offline leading to control lesser spending on acquisition (improving CM2)

- New partnerships to build a retail footprint to over 30,000 stores from 1,500 stores.

- Significant improvement in EBITDA.

Products & Services Overview

14 variants of Indian chutney flavors of all states.

Assets Overview

Tangible- laptops.

Company is asset lite. The brand is the only asset.

Facilities Overview

The office is a rented co-working with 8 seats in Kanakia Boomerang, Chandivali.

Capitalization Overview

- The business is currently funded by receivables. There is hence a backlog of payments but not higher than receivables.

- Investors have approx 24.4%. Rest all with 3 founders.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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